Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1887-04-21
REALTY WEALTH.
Rapid and Substantial Ad-
vance in Values Since 1885.
lust the Kind of a Boom to
Stay.
Commercial and Residence Sites
in all Parts Of the City
Eagerly Sought After.
Opinions OF Experts on this Class Of
Onr City's Wealth.

The real estate wealth ~ Springfield has
advanced more than thirty per cent. in
value and about fifty per cent. in demand,
As compared 10 the call and sale IN lsS5,
and II is believed by the best and soundest
authority here on this subject that the next
twelve months will inaugurate a booming
market that will carry the present figures
and demand from twenty-five to forty per
cent. above those quoted at this date. The
actual advance since 1885 is equal to nearly
six per cent for money at interest. and is
in consequence not only irstclass invest
ment considering its absolute security
against risks of every class. but at this
time investments in real estate here would
display fine commercial diplomacy, owing
to its certain large advance in the near fu
tnre. In common with the very general
prosperity of all industrial interests of
Springfield, il is not to be wondered at that
our real estate market has quietly and TN
ostentatiously harnessed itself to the ear of
progress and started on an upward move.
There are no uncertain elements connected
with the genuine rise in this class of our
city'S wealth. Ii is solid and permanent
and has come 10 stay and continue in its
rise. DESTROYS of obtaining the opinions
and views of our expert real estate dealers,
REPI BLIC reporter was assigned the com
mission of interviewing this market.
His first call was made at the Office of
Bowius A Huffman.
real estate brokers and auctioneers, No. .,
Arcade. who said:
The real estate business of Springfield
today is way ahead Of anything in recent
years. There is All active and solid ad-
vance in all classes of city property. We
are daily having dozens of applications for
houses that We cannot supply. Why. sir"
continued the speaker warmly. this Office
received II. applications for houses during
the week ending April I'd, and in the space
of two hours. on Saturday evening April
9th, after tea. thirteen urgent calls were
made for modern. comfortable houses
They are not 10 be had in this city Again
to illustrate the rise in values and the
strong confidence in this market. much Of
the property for sale listed on our books |
has been Withdrawn for the further ad |
vance which is bound to be felt here within /
the next six months to q year.
1t appears that the great Hilker addition |
sale of April 18th, conducted by MeSSrS. |
Bowlus 4 Huffman. realized ST. 926, more !
than the appraised valuation by the owners |
before it was put up at public auction. /
This firm have thirteen acres in Findlay I
and eight acres III West Liberty. any part /
If which will be sold.
Later in the season three other additions |
in different parts of Springfield will be Of /
fered BY them. The West end at present /
= the most active In private and public
,sles.
VIE s7'lis--sssss la,ai-z
strong and positive IN their
support of the present activity of the
real estate market, declaring that 1885,
would be- grand and highly prosperous
year for amount of business transacted u ,
their line and the rising values OF the SANE . :
They said: I'VE are selling good dee OF =
real estate and at a constantly increasing :
advance in prices. The rise Is net A. any
sense of speculative character. II tnr
demand. vigorous and healthy, thi sends
np the real estate in Springfield. iIAu!iigs
for residence and commercial puro>es are II
asked for at the rate of dozens Hs' why II
don't the RErUBIIC invite the t'la''o'l oi a
A sound and conservative buil'hs a,S"ria- "
ton here. In my opinion "ouiu pay n,
fifteen per cent. on the invesren'' ii s"ou'
substantial and ACCOMMODATING cheap 1t
houses. ranging from four ~, - VIZ, o''''s anu
costing from 500 Ia So VaI"' were III
built, and there should b. VI 'He.i' n,
I, ,ras fnr,ha, r,.,n,rI N in the Office of ~ ~
this firm that any inve;;n' r- IA a'ir sira' OF
t.r ,h., dirsn,inn of .essrs. Foley n Hay W
~" rnnIJ ha S.bled in six months. I'll
rha;r "eina l. r,,o, :. Arcade building. =
where maps, cha .baroc.a ,'iioi ''i' ~
ton of whatebr rhserfuI, m 'Itr srrn', rli,y :" AT
real estate W '"' ''''ou all
,,rba, . -